Melbourne, VIC – Compared to real estate appraisals that highlight the local property market, a property valuation is an unbiased report an independent valuer completes with no conflict of interest. Certified property valuations include comprehensive analyses of properties that determine a fair market value in the current or retrospective date for pre-purchase or pre-sale purposes. Establishing a property’s value is an extensive process that accounts for over 200 factors to reach an accurate figure. For this reason, property owners need to seek the services of Melbourne Property Valuers Metro, a certified valuer with over three decades of experience in the industry.
The team of senior valuers are highly skilled and trained by the Australian Property Institute (API) to provide clients with detailed reports and top-quality services. The API-accredited valuers have expertise in residential, industrial, development, and commercial property types. They offer stamp duty valuations, land tax objections, rental reviews/determinations, family law property valuations, mortgage/finance valuations, and back-dated property valuations for tax. The team knows about Melbourne and its housing market to serve clients with house, land, unit entitlement, related party transfer, and internal accounting valuation needs.
A Melbourne property evaluator uses three primary approaches to perform a valuation depending on the property type. The direct comparison approach helps the valuer analyse different variables between the subject property and similar properties in the local market. With the summation approach, an API-certified valuer calculates the replacement cost value of improvements made to a subject property and depreciates it by age. They then determine the fair market value by adding the subject property’s underlying land value to the depreciated improvements value. Commercial property valuers use the capitalisation of the net income approach in addition to the summation and direct comparison approach.
Once completed, a property valuer examines variables contributing to a subject property’s value and writes an inclusive report. Depending on a client’s requirement and the property types, the valuer writes a short-form report with detailed sections of the subject property’s environmental factors, market volatility, and comparative local sale analysis. Long-form reports have detailed accounts of the subject property, a comprehensive market analysis, and 5-7 comparative local sales useful for commercial properties, litigation, and family law requirements.
Melbourne Property Valuers Metro has a main office in the CBD and other outer branches to cater for its large client demographic. The property valuers attribute their growth and success to their commitment, focus, and determination to maintain efficiency, honesty, and integrity with clients. They attend to all property valuation matters for government agencies, individuals, financial institutions, businesses, banks, and partnerships.
“With over 150 years of experience behind our team of valuers, we have unbeatable local knowledge and expertise to provide you with your property valuation. We are proud of our reputation for accurate, detailed service and long-term client relationships. Whether you are a returning customer or a potential new one, we looking forward to supporting your valuation needs.” – John Anderson, CEO
Request a quote by visiting their website or calling (03) 9021 2007. Melbourne Property Valuers Metro is located at 614/20 Queen Street, Melbourne, VIC, 3000, AU.
Melbourne Property Valuers Metro
(03) 9021 2007
614/20 Queen Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bengaluru Bytes journalist was involved in the writing and production of this article.
Emotional Intelligence for Micro Small Business Owners
Boys & Girls Club of America has teamed up for a great campaign called…Art for a Cause
Meet The Rising Stars Of The Forum Celebrity Podcast